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Dublin, November 23, 2022 /PRNewswire/ –The “Digital Experience Platform Market Global Market Report 2022” added to report ResearchAndMarkets.com’s Visit.
The global digital experience platform market is expected to grow by $9.69 billion in 2021 $10.91 billion 2022 at a compound annual growth rate (CAGR) of 12.55%. Digital experience platform is expected to reach the market $17.58 billion in 2026 at a CAGR of 12.67%.
The digital experience platform market comprises the sale of digital experience platforms by entities (organizations, sole traders and partnerships) which refers to an integrated software framework that manages digital experiences across various platforms.
The digital experience platform, commonly known as DXP, aims to provide a centralized way to build, manage and optimize content creation and the digital journey. Digital experience platforms include content management, asset management, commerce, customer relationship management, and analytics.
The core components of the Digital Experience Platform (DXP) include platforms and services. The services in this section refer to those services which facilitate the use of technology by the consumers. It provides specialized technology-oriented solutions combining software, hardware, network, telecommunication and electronics processes and operations.
DXP is deployed through the cloud and on-premises for business-to-consumer (B2C), business-to-business (B2B) and other applications. Major verticals using DXP are Retail, BFSI, Travel & Hospitality, IT & Telecom, Healthcare, Manufacturing, Media & Entertainment, Public Sector and others. The different types of enterprises that use these platforms include large enterprises and small and medium enterprises.
North America Digital experience was the largest segment in the platform market in 2021. Asia Pacific It is expected to be the fastest growing sector over the forecast period. The regions covered in the Digital Experience Platforms market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East And africa,
Increasing deployment of cloud-based services is expected to drive the growth of the digital experience platform market. Cloud adoption is an approach that aims to increase the scalability of Internet-based database capabilities while reducing cost and risk. To accomplish this, organizations use cloud computing, or remote computers placed over the Internet, to store, manage, and process essential data.
For example, according to a survey conducted by Gartner, a technology research and consulting firm April 2021Public cloud services projected to grow by 23.1% $332.3 billion in 2021, above $270 billion To meet the sudden shift in demand to cloud-based services in 2020.
Furthermore, with the significant increase in cloud usage across various industries internationally, the global health crisis of COVID-19 has emerged as an opportunity for cloud business. Hence the increase in deployment and spending on cloud-based services will drive digital experience platforms.
Technological advancement is a major trend in the digital experience platform market that is gaining popularity. Major companies operating in the digital experience platform market are focused on providing technologically advanced platforms and related solutions to strengthen their market position.
These companies are implementing next-generation digital experience platforms and technologies into their services, such as big data analytics, artificial intelligence, machine learning, cloud computing, workflow analytics, multichannel support, and others, providing companies with enterprise digital experience design and more quickly and consistently to allow it to be delivered.
Major players in the digital experience platform market
Major Topics Covered:
1. Executive Summary
2. Features of the Digital Experience Platform Market Market
3. Digital Experience Platform Market Market Trends and Strategies
4. Impact of COVID-19 on Digital Experience Platform Market
5. Digital Experience Platform Market Market Size and Growth
5.1. Global Digital Experience Platforms Market Historic Market, 2016-2021, $ Billion
5.1.1. market drivers
5.1.2. market restrictions
5.2. Global Digital Experience Platform Market Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. market drivers
5.2.2. market restrictions
6. Digital Experience Platform Market Market Segmentation
6.1. Global Digital Experience Platform Market Market, Segmentation by Component, Historical and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.2. Global Digital Experience Platform Market Market, Segmentation by Deployment, Historical and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Digital Experience Platform Market Market, Segmentation by Application, Historical and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
business to consumer
business to Business
6.4. Global Digital Experience Platform Market Market Segmentation by Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
travel and hospitality
IT & Telecom
media and entertainment
6.5. Global Digital Experience Platform Market Market, Segmentation by Organization Size, Historical and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7. Digital Experience Platform Market Market Regional and Country Analysis
7.1. Global Digital Experience Platform Market Market, Split by Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Digital Experience Platform Market Market, Split by Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
For more information about this report see https://www.researchandmarkets.com/r/r406e9
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